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DAILY FOREX REPORT 21ST JANUARY 2013

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 HEADLINES Rupee remains near 2-1/2 month high vs dolla The rupee is trading at 53.92/93, close to the day's high of 53.85, its highest since November 2 and higher compared to its previous close of 54.3850/3950.Traders say gains in domestic shares helped bring in dollar inflows and offsetting demand from oil firms. Local shares were trading up 0.5 per cent. Gains in most Asian currencies and shares are following strong data in the US and China also aiding sentiment for the rupee. Rupee hits 2-1/2 month high; diesel price hike boosts

 TRADING TIPS  SELL USD/INR BELOW 53.85 FOR TGT 53.70/53.55 SL 54.05 PAST PERFORMANCE  SELL EUR/INR BELOW 72.64 FOR TGT 72.49/72.34 SL 72.84 UNEXECUTED

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The rupee strengthened to its highest level in near twoand-half months on Friday, breaching the key 54-perdollar mark, on continued bullishness a day after the government partially deregulated diesel prices. At 9:41 a.m. (0411 GMT), the partially convertible rupee was at 53.98/99 per dollar, after hitting 53.95, its strongest since Nov. 2 and sharply up from its previous close of 54.3850/3950.Traders said the hike in diesel prices would gradually bring down the large fiscal deficit and was a key positive for the rupee.

REFERENCE RATE As on 18THJanuary 2013 UNDERLYING

RATE

USDINR

53.9465

EURINR

72.2050

GBPINR

86.2416

JPYINR

59.9100

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DAILY MARKET STATISTICS PRODUCT NAME

EXP DATE

Symbol

Series/Expiry

CHANA

7/19/2012

EURINR

OPEN

HIGH

LOW

Unit

Open

4556

29-Jan-2013

4573

1 EUR

4525

72.5100

CHILLI

7/19/2012

5060

5060

GUR

7/19/2012

1188

1188

JEERA

7/19/2012

14955

14960

EURINR

GBPINR

26-Feb-2013

1 EUR

29-Jan-2013

1 GBP 1044

5018 1178

72.7025

14650

86.6400 1053

High 4560

72.5125

5120

1183.5

72.7925

15052.5

86.6400

LTP

Low 4532

71.8800 5018 1178

72.1675 14800

85.8000

KAPAS

7/19/2012

1049

1041

GBPINR PEPPER

26-Feb-2013 42300 1 GBP 4255587.0050 7/19/2012 42250 87.0050 42390

86.1550 42435

REF SOYA

7/19/2012

780.5

783.6

SOY BEAN

7/19/2012

4309

4330

JPYINR

JPYINR TURMERIC

29-Jan-2013

26-Feb-2013

100 JPY

100 JPY

1035

CLOSE

777.4

60.4325

4265.5

60.8700 4518

4303

60.8700

781.3

59.8325 4315

60.1525

7/19/2012

4600

4664

4540

WHEAT USDINR

7/19/2012 29-Jan-2013

12511USD 1282 54.3200 1251 54.3200 1246

USDINR

26-Feb-2013

1 USD

54.5725

USDINR

27-Mar-2013

1 USD

54.8450

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4676

782.85

60.4325

CHG

Close -28

71.9425

PERCENTAGE CHANGE

Prev. Close -0.61

72.6475

-102

-1.99

-5.5

-0.46

-252.5

-1.68

72.2425

85.8425 -8

72.9300

87.1100 -0.76

86.1750 45

87.4275 0.11

-1.55

-0.2

12

0.28

60.0150

60.2975

60.9475

61.2275

-124

-2.66

53.8250 1282

53.8575 36

2.89 54.3875

54.5725

54.0800

54.1125

54.6525

54.8475

54.3750

54.4150

54.9425

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DAILY USD/INR CHART

ANALYSIS OPEN: 54.2450 HIGH: 54.2450 LOW: 53.8250 CLOSE: 53.8575

 USD/INR LOOKS DOWNWARDS  TREND: BEARISH

 STRATEGY: SELL ON RISE

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DAILY EUR/INR CHART

ANALYSIS OPEN: 72.5100 HIGH: 72.5125 LOW: 71.8800 CLOSE: 71.9425

 EUR/INR LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

12:30pm

EUR

German PPI m/m

All Day

EUR

Eurogroup Meetings

All Day

USD

Bank Holiday

8:25pm

USD

Prelim UoM Inflation Expectations

USD

Crude Oil Inventories

9:30pm Disclaimer

ACTUAL

FORECAST

PREVIOUS -0.1%

3.2% -1.6M

-1.0M

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DAILY-FOREX-REPORT BY EPIC RESEARCH 21 JAN 2013  
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